MGM101H5 Lecture Notes - Lecture 1: Corporate Social Responsibility

• School: UTM
• Department: Management
• Course: MGM101H5
• Professor: Dave Swanston

Document Summary

In business there are no right answers, they are a variety of good. How to use the theories in real life key to successful management. If one country has issues, this allows competitors to gain more customers. But partners are also affected by this. When change happens, some win, some lose. Many managers only care about the numbers. We must be concerned with other issues such as resources, environmental damage, etc. We must be effective managers that can also be responsible. Pro t is important amongst other things (i. e. ethics) Think about corporate social responsibility (csr), treat their employees well. Managers can vary based on the business. What is a manager: productive, communicative, responsible, positive role model, adjust with the market, unstructured, have a vision, knowledgable. Manager: responsible for making decisions under conditions of uncertainty about the allocation of scarce resources towards achieving the organization strategic objectives. Must make decisions based on imperfect data that will change tomorrow.